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Jordan Inc. had 20,000 common shares outstanding, with a book value of $40,000, when it decided to split its common shares 2-for-1. The shares were

Jordan Inc. had 20,000 common shares outstanding, with a book value of $40,000, when it decided to split its common shares 2-for-1. The shares were trading for $60 per share. How will total shareholder's equity change as a result of this stock split

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